Globe Civil Projects made debut on the stock exchanges on July 1, 2025, with shares listing at a 27 per cent premium over the issue price.

Backed by overwhelming demand across investor categories, the Rs 119-crore IPO saw a strong response in the grey market and ended up being subscribed over 86 times, triggering bullish sentiment ahead of its listing on NSE and BSE.

Listing day performance

Shares of Globe Civil Projects listed at Rs 90 on the NSE, marking a 26.76 per cent premium over the issue price of Rs 71. On the BSE, the stock debuted slightly higher at Rs 91.10, up 23.24 per cent. Post listing, the company’s market capitalisation stood at approximately Rs 536.28 crore.

Capital and equipment

Of the Rs 119 crore raised, the company plans to use Rs 75 crore towards working capital, Rs 14.26 crore for capital expenditure to acquire construction machinery, and the remaining amount for general corporate purposes and issue expenses.

What’s next for investors?

With the stock surging over 30 per cent intraday and high volumes indicating strong interest, the road ahead will depend on execution capability and margin visibility. Analysts advise investors to track the company’s quarterly performance and project wins before taking long-term exposure.